OCC Allows National Banks and Federal Savings Associations in Alabama, Louisiana, Mississippi and Texas Affected by Tropical Storm Francine to Close
WASHINGTONâThe Office of the Comptroller of the Currency (OCC) today
issued a proclamation allowing national banks, federal savings
associations, and federal branches and agencies of foreign banks to
close offices in areas of Alabama, Louisiana, Mississippi and Texas
affected by Tropical Storm Francine.
In issuing the
proclamation, the OCC expects that only those bank offices directly
affected by potentially unsafe conditions will close. Those offices
should make every effort to reopen as quickly as possible to address
the banking needs of their customers.
OCC Bulletin 2012-28,
âSupervisory Guidance on Natural Disasters and Other Emergency
Conditionsâ (September 21, 2012), provides guidance on actions
bankers could consider implementing when their bank or savings
association operates or has customers in areas affected by a natural
disaster or other emergency. Related Links